Features

Democratic namespace allocation: IMIC encourages the democratic allocation of market identification codes to any applying party and therefore encourages financial innovation. In this way, IMIC differs from its parent MIC standard, which fails to segregate traditional regulatory concerns for financial service provider oversight from the requirement for newcomers and innovators to operate.

Status

Publication status: Published.

Usage: Not implemented in the wild.

Drawbacks: The potential maintenance work of keeping up with market registration and dissolution is rather tedious, therefore a long term body capable of undertaking this work must be sought. In lieu of such a body, we accept pull requests!

Overall status: Ready for a maintenance body or community of contributors to breathe life in to.